Global Artificial Photosynthesis Market Research and Forecast 2022-2028

Description

List of Tables

Global Artificial Photosynthesis Market Size, Share & Trends Analysis Report By Technology (Photo-Electro Catalysis, Co-Electrolysis, and Others (Nanotechnology, Hybrid Process)), and by Application (Hydrogen Chemicals, And Hydrocarbons) Forecast Period (2022-2030)

The global artificial photosynthesis market is anticipated to grow at a substantial CAGR of 12% during the forecast period. Several government funding and approval for the research and development of artificial photosynthesis is important to factor that is anticipated to drive the market growth. For instance, In July 2020, the the US, Department of Energy (DOE), has announced $100 million in funding for two new awards focused on advancing artificial photosynthesis. The Department is investing in the Fuels from Sunlight Energy Innovation Hub, and has developed efforts LiSA led by the California Institute of Technology and CHASE led by the University of North Carolina at Chapel Hill.

Artificial photosynthesis is segmented on the basis of technology and application. Based on Technology, the market is segmented into photo-electro catalysis, co-electrolysis, and others (nanotechnology, hybrid process). On the basis of application, the market is sub-divided into hydrogen chemicals and hydrocarbons. Among technology segments, the photo-electro catalysis segment is dominating the market due to as this process is majorly being used in artificial photosynthesis for water oxidation and constructs efficient artificial photosynthesis systems.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is dominating in the artificial photosynthesis market across the globe attributed to the regions having the presence of supportive policies and incentives in the US for sustainable development projects across the regions. Moreover, the rising demand for uninterrupted power supply in the region is also propelling market growth. Such policies and initiatives have encouraged the adoption of clean fuels, that includes hydrogen, for high energy requirements owing to well-developed infrastructure. For instance, the Hydrogen and Fuel Cell Technical Advisory Committee (HTAC) was established under Section 807 of the Energy Policy Act of 2005 in the US, to provide technical and programmatic total guidance to the Energy Secretary on the Department of Energy's (DOE) hydrogen research projects being held. As artificial photosynthesis is an R&D technology and it is best suited for these forms of government incentives and policies.

The competitive landscape includes key strategies of leading players, recent developments, and key company analysis. The major players that contribute to the growth of the market include BERKELEY LAB, Carbon Solutions Inc., Evonik Industries AG, Fujitsu Laboratories Ltd., Panasonic Corp., Siemens AG, Toshiba Corp., Toyota Central R&D Labs, Inc., and many others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2021, Researchers from Nanyang Technological University developed a new technique to boost artificial photosynthesis and it enables greater energy generation. Moreover, it is more renewable and sustainable and facilities production of more energy as well as lower waste.

Research Methodology

The market study of the global artificial photosynthesis market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Artificial Photosynthesis Market Research And Analysis By Technology

2. Global Artificial Photosynthesis Market Research And Analysis By Application

The Report Covers

Comprehensive research methodology of the global artificial photosynthesis market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global artificial photosynthesis market.
Insights about market determinants that are stimulating the global artificial photosynthesis market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2018385

Category- Advanced Technologies

1. Report Summary

Current Product Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Artificial Photosynthesis Market
Recovery Scenario of Global Artificial Photosynthesis Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Artificial Photosynthesis Market by Technology
- 4.1.1. Photo-Electro Catalysis
- 4.1.2. Co-Electrolysis
- 4.1.3. Others (Nanotechnology, Hybrid Process)
4.2. Global Artificial Photosynthesis Market by Application
- 4.2.1. Hydrogen
- 4.2.2. Chemicals
- 4.2.3. Hydrocarbons

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Berkeley Lab
6.2. BIOECON
6.3. Carbon Solutions, Inc.
6.4. California Institute of Technology
6.5. ENGIE SA
6.6. Evonik Industries AG
6.7. Fujitsu Ltd.
6.8. Future Carbon
6.9. Mitsubishi Chemical Holdings Corp
6.10. Panasonic Holdings Corp
6.11. Siemens AG
6.12. SunHydrogen, Inc.
6.13. Toshiba Corp.
6.14. Toyota Central R&D Labs., Inc.
6.15. Twelve, formerly known as Opus 12